deq systems corp (DEQ) Top Compensated Officers

deq systems corp (DEQ) Key Developments

DEQ Systems Corporation and Talisman Group in Litigation

Jan 23 15

DEQ Systems Corp. announced that The Talisman Group is moving forward with a Federal Court litigation against DEQ with respect to an alleged breach of the parties' strategic alliance agreement relating to EZ Baccarat. The parties have been engaged in non-binding arbitration since 2014 as a result of a complaint filed by Talisman. Talisman claimed that a change of management occurred and triggered DEQ's obligation to offer the Panda 8 patent to Talisman for fair market value. The non-binding arbitration panel's ruling denied Talisman's claim. Despite this setback, on January 21, 2015, Talisman filed a motion to schedule a conference to proceed to trial in U.S. Federal Court.

DEQ Systems Signs Distribution Agreement with LT Game

Oct 24 14

DEQ Systems Corp. announced that it has reached an agreement with LT Game International (Australia) Ltd. for the distribution of DEQ's technology solutions throughout Asia Pacific region. Under the Agreement, LT Game will distribute the Company's G3 System and table top technology solutions through the end of 2016 as the initial term.

DEQ Systems Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended August 31, 2014. For the quarter, the company reported total revenue of $1,810,000 was $1,763,000 a year ago. EBITDA was $305,000 against $156,000 a year ago. Net loss was $445,000 against $572,000 a year ago. Net loss per share was $0.006 against $0.0085 a year ago. Positive cash flow from operating activities before working capital items of $316,000 as compared to $158,000 in third quarter of 2013, due to the increase in EBITDA for the quarter.
For the nine months, the company reported total revenue of $5,613,000 was $5,077,000 a year ago. EBITDA was $860,000 against $278,000 a year ago. Net loss was $1,319,000 against $1,972,000 a year ago. Net loss per share was $0.028 against $0.018 a year ago.

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.